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BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

ASTANA, June 11 (Xinhua) -- Chinese President Hu Jintao arrived here Friday evening for a two-day state visit to Kazakhstan.Hu said in a statement released upon arrival at the airport that, with the effort of both sides, his visit would be a total success and help advance the strategic partnership between China and Kazakhstan to a new stage.During the visit, Hu will hold talks with his Kazakh counterpart Nursultan Nazarbayev and meet with parliament and government leaders.The two sides will outline the future development of bilateral links. They will decide on the key tasks and areas of bilateral cooperation in the next stage and exchange views on major international and regional issues of common concern. Chinese President Hu Jintao (R Front) shakes hands with Kazakh Prime Minister Karim Masimov upon his arrival in Astana for a state visit to Kazakhstan, on June 11, 2010.During Hu's visit, the two sides will sign a number of agreements on trade and economic cooperation.In recent years, the China-Kazakhstan strategic partnership has developed rapidly as frequent high-level exchanges helped deepen political mutual trust.Hu said in the statement that China and Kazakhstan shared a long history of friendly relations at both government and grassroots levels.He said, since the two countries established diplomatic links 18 years ago, bilateral relations had maintained a momentum of vigorous growth. Bilateral cooperation in the areas of politics, economy, trade, energy, security and culture had been fruitful.Hu said the two countries stood firm in reciprocal support on major and sensitive issues of each other's concern, adding the two sides had cooperated closely within multilateral frameworks such as the United Nations, the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-Building Measures in Asia.Hu said the cooperation had brought about substantial benefits to the people of both countries and played a positive role in promoting regional peace, stability and development.Hu was greeted at the airport by Kazakh Prime Minister Karim Masimov and other government officials.Before arriving in Astana, Hu paid a state visit to Uzbekistan and attended an annual SCO summit in Tashkent.Kazakhstan is the final leg of Hu's two-nation Central Asia trip. He returns home Saturday.

URUMQI, July 30 (Xinhua) -- Rescuers were racing to evacuate more than 800 people still trapped by rain-triggered mountain torrents in a remote valley in China's far west Xinjiang Uygur Autonomous Region late Friday afternoon.Rescuers managed to reach the site in Kuqa County, of Aksu Prefecture, at 1:26 a.m. Friday, about 24 hours after rains and floods stranded more than 1,000 residents, construction workers and tourists in the mountainous area.As of 5 p.m. Friday, more than 170 trapped people, including 120 tourists and some 50 railway construction workers, had been taken to safe places. No casualties had been reported, said a spokesman with the prefecture's committee of the Communist Party of China.The locals dam up at a village of Alaer city in the upper reaches of the Tarim River, northwest China's Xinjiang Uygur Autonomous Region, July 30, 2010. The Tarim River was hit by the largest flood in eight years on Friday.Some 100 more rescuers, carrying drinking water, drugs and food, had been sent to the site. The regional government had dispatched helicopters to drop food and bottled water to the trapped people, said the spokesman.Floods have inundated many roads, as well as damaged three bridges and 12 buildings in the county. More than 13,000 youths from the county were ready to strengthen the dikes to combat flood waters, he said.

BERN, SWITZERLAND, July 17 (Xinhua) -- Parliamentary leaders of China and Switzerland on Saturday exchanged views on bilateral ties, parliamentary exchanges and mutual concerns and agreed on closer exchanges between legislative bodies of the two nations for better Sino-Swiss ties.Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), expressed satisfaction over the significant progress in Sino-Swiss relationship during the recent years at a meeting with Pascale Bruderer, president of the National Council of Swiss Federal Assembly, and Erika Forster- Vannini, president of the Council of States of Swiss Federal Assembly.The development of Sino-Swiss relationship has brought substantial interests to both people and China looks forward to working together with Switzerland to further develop the comprehensive friendship and mutual-beneficial cooperation, Wu said. Switzerland is China's main trade partner in Europe and a major source of foreign investment and technology and China is Switzerland's second largest trade partner in Asia.Wu Bangguo (C), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with Pascale Bruderer (R), president of the National Council of the Swiss Federal Assembly, and Erika Forster-Vannini (L), president of the Council of States of the Swiss Federal Assembly, in Bern on July 17, 2010.Wu appealed that both sides should properly deal with sensitive issues between the two nations to maintain the momentum of the Sino-Swiss relationship. He suggested that China and Switzerland should take more actions to continuously deepen mutual political trust, expand economic cooperation and people-to-people exchanges.The friendly exchange and cooperation between legislative bodies of China and Switzerland will help promote an all-round development of the bilateral ties and are in interest of both people, Wu said.The NPC will work together with the National Council of Swiss Federal Assembly and the Council of States of Swiss Federal Assembly to conduct various exchanges between the two nations' legislative bodies, he added.Bruderer and Vannini said Wu's visit will further promote the Sino-Swiss ties and offer an opportunity for more exchanges between the two nations' legislative bodies. They agreed to conduct closer parliamentary exchanges with China.A further development of Swiss-Chinese ties is interest of Swiss government, legislative bodies and people. The legislative bodies of Swiss will positively push forward the substantial cooperation with China in all areas, they said.

BEIJING, Aug. 17 (Xinhua) -- A senior official of the Communist Party of China (CPC) on Monday urged greater efforts to make the training of officials more pertinent to and effective in raising their skills at governing.Push forward the reform of the training of officials unswervingly so that the training could better serve the scientific development of the country, said Li Yuanchao, head of the Organization Department of the CPC Central Committee at a conference on the reform in Beijing on Monday.He added that the training must be both relevant and complementary to officials' jobs and called for the optimization of the systems that educate officials on Party theories, governance and Party spirit.He stressed the need to create a diverse official training system with more involvement from higher-learning institutions and research institutes besides the current main training channel of Party schools and administration schools.He also called for better training of officials at grassroots levels.The general office of the CPC Central Committee issued the text of the reform outlines for the period of 2010 to 2020 on Tuesday. It issued a separate circular, ordering the implementation of the outlines the same day.The reform aims to build educational and training systems for officials with Chinese characteristics that are more open, dynamic and effective by 2020, read the text.

来源：资阳报